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Jimmyviz
31 May 2025 - 02:09 am
Americans nearing retirement and recent retirees said they were anxious and frustrated following a second day of market turmoil that hit their 401(k)s after President Donald Trump’s escalation of tariffs.
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As the impending tariffs shook the global economy Friday, people who were planning on their retirement accounts to carry them through their golden years said the economic chaos was hitting too close to home.
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Some said they are pausing big-ticket purchases and reconsidering home renovations, while others said they fear their quality of life will be adversely affected by all the turmoil.
“I’m just kind of stunned, and with so much money in the market, we just sort of have to hope we have enough time to recover,” said Paula, 68, a former occupational health professional in New Jersey who retired three years ago.
Paula, who spoke on the condition of anonymity because she feared retaliation for speaking out against Trump administration policies, said she was worried about what lies ahead.
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“What we’ve been doing is trying to enjoy the time that we have, but you want to be able to make it last,” Paula said Friday. “I have no confidence here.”
Trump fulfilled his campaign promise this week to unleash sweeping tariffs, including on the United States’ largest trading partners, in a move that has sparked fears of a global trade war. The decision sent the stock market spinning. On Friday afternoon, the broad-based S&P 500 closed down 6%, the tech-heavy Nasdaq dropped 5.8%, and the Dow Jones Industrial Average fell more than 2,200 points, or about 5.5%.
Richardscalt
31 May 2025 - 01:55 am
The American ‘revenge travel’ surge is over. Fear and uncertainty are big factors
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Francisco Ayala and his wife have canceled the cruise they planned to take to see the Northern Lights this year. The reasons are complicated.
Ayala is a natural-born US citizen, and his wife is a naturalized citizen. But given reports of people — even with legal status — being detained and questioned at US borders, Ayala said taking a trip out of the country for fun doesn’t seem worth the potential risk.
Ayala also sees another problem: the economy. “The writing is on the wall … The moment I saw the market volatility, I’m like, ‘Yep, this is not going to be good.’”
Travel advisers are seeing the impact of that uncertainty. More than 80% of the 460 advisers surveyed recently by TravelAge West were “very” or “somewhat” concerned about the impact of a possible economic downturn on their business, and more than half were “very” concerned about the impact of government policies.
Their clients’ top concern was economic uncertainty, followed by worries about the treatment of Americans abroad, safety and security, fears of cost increases due to tariffs, immigration and border policies, and travel restrictions.
“You can’t just take one angle and say, ‘Oh, the economy is having an issue. So let’s find something less expensive,’” said Beci Mahnken, CEO of MEI-Travel. Other clients say, “‘I don’t want to travel to the United States,’ or ‘I don’t want to travel outside the United States.’ … It’s like a rock tunnel, going and going.”
One shaft of light at the end of that tunnel could be savings on last-minute summer trips as travelers increasingly take a wait-and-see stance with their plans.
Hitting a ‘brick wall’
Mahnken first saw signs of trouble in early April, when US stocks plunged over fears of a chaotic trade war.
Mahnken and her travel agency staff started getting phone calls from clients, calling to cancel vacations they had booked or seeking refundable trips. She said they were fearful because their 401(k)s and other investments had taken a dive. That uncertainty, she says, made them pause on discretionary spending like a summer trip.
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Until that moment, Mahnken said, the frenzy of heightened “revenge travel” activity that started after pandemic restrictions lifted had not slowed over the course of four years.
“We were still on this incredible high,” Mahnken said. “And then … it almost hit a brick wall.”
Flight analytics firm Cirium pulled flight booking data from online travel agencies from the end of January through early May, when people typically book summer trips. That data, which Cirium shared with CNN, indicates that bookings for travel in June, July and August are down nearly 10% when looking at flights from major US airports to favorite European destinations, compared to the same period last year.
Flights booked in the opposite direction from Europe to the US are down 12% in the same period. That substantial drop is unusual, according to Jeremy Bowen, CEO of Cirium.
“We don’t often see it as wholesale as this and over such a short period of time. Really, that Q1 booking is really quite substantially lower since the beginning of the year,” said Bowen.
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31 May 2025 - 01:11 am
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Brianbem
30 May 2025 - 07:44 pm
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30 May 2025 - 06:20 pm
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30 May 2025 - 05:59 pm
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Mauriceblace
30 May 2025 - 05:07 pm
Editor’s Note: Call to Earth is a CNN editorial series committed to reporting on the environmental challenges facing our planet, together with the solutions. Rolex’s Perpetual Planet Initiative has partnered with CNN to drive awareness and education around key sustainability issues and to inspire positive action.
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—
Crashing waves, glistening sea spray, a calm expanse of deep blue. These are the images that open “Ocean with David Attenborough,” the veteran broadcaster’s latest film. After decades of sharing stories of life on our planet, he tells viewers that: “The most important place on Earth is not on land but at sea.”
The film — released in cinemas today and available to stream globally on Disney+ and Hulu in June — coincides with Attenborough’s 99th birthday, and describes how the ocean has changed during his lifetime.
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“Over the last hundred years, scientists and explorers have revealed remarkable new species, epic migrations and dazzling, complex ecosystems beyond anything I could have imagined as a young man,” he says in a press release. “In this film, we share those wonderful discoveries, uncover why our ocean is in such poor health, and, perhaps most importantly, show how it can be restored to health.”
The feature-length documentary takes viewers on a journey to coral reefs, kelp forests and towering seamounts, showcasing the wonders of the underwater world and the vital role the ocean plays in defending Earth against climate catastrophe as its largest carbon sink.
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But the ocean also faces terrible threats. The film was shot as the planet experienced an extreme marine heatwave and shows the effects of the resulting mass coral bleaching: expansive graveyards of bright white coral, devoid of sea life.
Extraordinary footage shot off the coast of Britain and in the Mediterranean Sea shows the scale of destruction from industrial fishing. Bottom trawlers are filmed towing nets with a heavy chain along the seafloor, indiscriminately catching creatures in their path and churning up dense clouds of carbon-rich sediment.
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Donaldwough
30 May 2025 - 04:32 pm
Editor’s Note: Call to Earth is a CNN editorial series committed to reporting on the environmental challenges facing our planet, together with the solutions. Rolex’s Perpetual Planet Initiative has partnered with CNN to drive awareness and education around key sustainability issues and to inspire positive action.
CNN kraken
—
Crashing waves, glistening sea spray, a calm expanse of deep blue. These are the images that open “Ocean with David Attenborough,” the veteran broadcaster’s latest film. After decades of sharing stories of life on our planet, he tells viewers that: “The most important place on Earth is not on land but at sea.”
The film — released in cinemas today and available to stream globally on Disney+ and Hulu in June — coincides with Attenborough’s 99th birthday, and describes how the ocean has changed during his lifetime.
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“Over the last hundred years, scientists and explorers have revealed remarkable new species, epic migrations and dazzling, complex ecosystems beyond anything I could have imagined as a young man,” he says in a press release. “In this film, we share those wonderful discoveries, uncover why our ocean is in such poor health, and, perhaps most importantly, show how it can be restored to health.”
The feature-length documentary takes viewers on a journey to coral reefs, kelp forests and towering seamounts, showcasing the wonders of the underwater world and the vital role the ocean plays in defending Earth against climate catastrophe as its largest carbon sink.
kraken зайти
But the ocean also faces terrible threats. The film was shot as the planet experienced an extreme marine heatwave and shows the effects of the resulting mass coral bleaching: expansive graveyards of bright white coral, devoid of sea life.
Extraordinary footage shot off the coast of Britain and in the Mediterranean Sea shows the scale of destruction from industrial fishing. Bottom trawlers are filmed towing nets with a heavy chain along the seafloor, indiscriminately catching creatures in their path and churning up dense clouds of carbon-rich sediment.
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Lesliebaf
30 May 2025 - 02:31 pm
Two strangers met on a train. Then they decided to travel the world together
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Savery Moore and his wife Jan always talked about traveling across Canada by rail.
The American couple shared a dream of waking up to the sun rising over the tracks and spending days winding through forests and across prairies, glimpsing snow-capped peaks and frozen lakes through the train’s domed glass roof. Making memories together.
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For most of their 35 years of married life, Savery and Jan didn’t travel much, spending long days working in advertising.
But when the couple finally retired in their 60s, leaving New York City for a small town in Massachusetts, they were excited for a new chapter and new opportunities.
“We both retired the same day,” Savery tells CNN Travel today. “We looked forward to having our life forever, together.”
Savery and Jan finally looked into booking their dream trip on VIA Rail’s “Canadian” service, a luxury train journey that winds from the West Coast of Canada to the East over four days.
“We were going to spend some money and take The Canadian in a class called ‘prestige,’ which is VIA Rail’s most expensive way to travel,” says Savery.
This was a “bucket list trip,” explains Savery. The couple wanted to splurge, figuring “we were only going to do this once, so let’s just do it right.”
But just as they started planning the trip, life took an unexpected turn.
“Jan was diagnosed with cancer, and it was lung cancer, and it was aggressive,” explains Savery. “Within a month-and-a-half to two months after her being diagnosed, the cancer had already spread.”
In the months that followed, Jan had brain surgery. She was enrolled in a couple of clinical trials.